GgoogleIN first seen 23 h ago, last 22 h ago, peak #2

Rupee Holds Near 96.5 Against the Dollar

Original: usd inr

The Indian rupee is holding near 96.5 against the US dollar, finding some relief from softer crude oil prices and fading expectations of further Federal Reserve rate hikes. A weaker dollar outlook and lower oil import costs are easing pressure on the currency, which has been trading close to record lows, keeping traders and businesses watching the exchange rate closely.

Why now: The rupee trading near historic low levels against the dollar is a major concern for importers, investors and consumers in India.

Indian rupeeUS dollarFederal ReserveIndia

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Evidence

• Rupee Weakens Near Record Lows As Firm Dollar, High US Yields And Oil Weigh · Investing.com India
• Rupee Holds Near 96.5 As Softer Oil And Fading Fed Hike Bets Offer Some Relief · Investing.com India

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